Planned Giving

Through a planned gift to the Minot Area Community Foundation, you may be able to make a more substantial gift than previously imagined. The term "planned giving" describes the ways in which individuals make charitable gifts for the future. You can make a planned gift to an existing fund or establish a new named fund.

Types of Gifts

Bequests

You can make a provision in your will or living trust for a gift to the Foundation. This is perhaps the simplest form of planned giving and the vehicle most commonly used.

Charitable Gift Annuities*

You can receive a lifetime income from a charitable gift annuity. Following your death, the unused portion of the gift remains with the Foundation as a permanent fund to support charitable purposes you have chosen.

Charitable Remainder Trust

You can transfer property to a trust that pays you or another beneficiary a fixed or variable income for a fixed amount of time. When the trust expires, the remainder is used to establish a permanent fund in the donor's name with distributions directed as he or she has chosen.

Gift of an Individual Retirement Account (IRA)*

Designating the Foundation as the beneficiary of an IRA is an excellent way to make a gift to charity using an asset that otherwise might be heavily taxed.

Life Insurance

You can name the Foundation as the owner and beneficiary of a new or existing life insurance policy and receive a current income tax charitable deduction.

While these are the most common ways for individuals to make planned gifts, other forms of giving are available. The staff at the Foundation is pleased to discuss planned giving options with you and/or your professional advisor. Please contact Ken Kitzman if you would like more information by calling (701) 852-0646.

The Minot Area Community Foundation’s Power of the Purse Giving Circle has granted $12,000 to Caleb’s Clubhouse for their indoor sensory gym.
Caleb’s Clubhouse is a preschool and after school program that opened